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Recent

Recent Questions

Question added Nov 02, 2016 Income Tax By Mohini , CA , Kota

answers

327 views

Q. OPENING INVESTMENT BUSINESS - RESPECTED SIR,
ONE OF MY FRIEND WANT TO START TO A BUSINESS IN WHICH HE WILL POOL MONEY FROM VARIOUS PEOPLE AND RELATIVES AND INVEST IT IN REAL ESTATE OR THE LIKE AND DISTRIBUTE THE PROFITS ACCORDINGLY. MY QUERIES ARE AS FOLLOWS: 1. WHAT IS THE PROCEDURE TO START IT.
2. WHAT ARE THE RULES & REGULATIONS TO FOLLOW
3. IS IT NECESSARY TO INCORPORATE THIS TYPE OF BUSINESS AS A COMPANY ONLY? BY JUST ENTERING INTO A PARTNERSHIP AGREEMENT ONLY ONE CANT DO IT? AND IF YES THEN WHICH WILL BE BEST PARTNERSHIP FIRM OR A COMPANY. PLEASE GUIDE ME AND THANKS IN ADVANCE.

Question added Nov 01, 2016 Income Tax By PIYUSH SINGLA , CA

answers

285 views

Q. INCOME TAX-AIR - IF EXCESS CASH IN HAND IS THERE ON 31ST MARCH, 2016 IN BOOKS. WHAT ACTION INCOME TAX DEPT CAN TAKE AGAINST ASSESSEE FOR EXCESS CASH IN HAND, HOWEVERE, THE ASSESSEE DOES NOT HAVE ANY BANK LIABILITY TO PAY.

Question added Oct 24, 2016 Income Tax By Niraj Kumar sinha

answers

264 views

Q. Tds - Assessment year 16/17 when TDs refund processed.there are some problem.

Question added Oct 22, 2016 Income Tax By ravi

answers

256 views

Q. TDS - payment regarding online advertisment to foreign company. is tds is to be deducted or not.

Question added Oct 20, 2016 Income Tax By Anand Jain , CA , Gobindgarh

answers

248 views

Q. income tax and service tax - if income under head professional income is less than 9 lakhs but if income from other sources is included then it is more than 9 lakhs then whether registration under service tax is required?

Question added Oct 18, 2016 Income Tax By , CA , Delhi

answers

256 views

Q. TDS - can anybody tell me if i am cliam short TDS in my ITR as compare to 26AS then how to claim the balance TDS in next year is it any procedure.?

Question added Oct 13, 2016 Income Tax By Anshul Singhal , CA , Delhi

answers

191 views

Q. Case Law - Need any case law which is based on that the expenditure was made during the year but TDS was not deducted on that and such expense has been allowed by court.

Question added Oct 04, 2016 Income Tax By shubham jain , Agra

answers

232 views

Q. income tax - Hello Friends
i have a client who had sold out a property for 1.24 cr but registry srf 50 lac ki hui ye transaction 2013 mai hua tha usi doran usne 93 lac ke cash transaction kre account mai jis ke liye income tax ka notice aaya and asking for reply ab baat ye hai ki reply kaise de agar IDS scheme mai jate hai to 45% tax dena pdega koi or option ho to please suggest kre

Question added Sep 26, 2016 Income Tax By paresh zatakia , CA , Mumbai

answers

287 views

Q. MAT LIABILITY IN CASE OF SICK UNIT - Dear Colleagues,
Financial of ABC P.LTD. for f.y. 2014-15 was under.
Rs. in lacs
Share capital 63
Reserves nil
o/b of accum. Loss 564
f.y. profit 279
expl vii) to sec 115JB(2) Which read as under.
if any amount referred to in clause (j) is not credited to the profit and loss account, and as reduced by,â€” (vii) the amount of profits of sick industrial company for the assessment year commencing on and from the assessment year relevant to the previous year in which the said company has become a sick industrial company under sub-section (1) of section 17 of the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986) and ending with the assessment year during which the entire net worth of such company becomes equal to or exceeds the accumulated losses.
Explanation.â€”For the purposes of this clause, "net worth" shall have the meaning assigned to it in clause (ga) of sub-section (1) of section 3 of the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986); or
Though the companyâ€™s net worth is much lesser than accumulated losses, is not registered under BIFR
My querry :
IS MAT applicable?
Regards
c.a.paresh zatakia
9833855518

is MAT applicable?

Question added Sep 17, 2016 Income Tax By Singhai & Asscociates , Gwalior

answers

238 views

Q. Exemption regarding capital gain - Did you mean: sale of building made in 1998. review petition filed in high court claiming that the sale was made on low price. pary agreed to pay 1 crore and high court accepted and disposed of review petition. kindly let us know in which head the amount received in 2015 will be considered in the case of religious trust registered u/s 12A. This amount invested in HDFC Ltd. whether it will be treated as acquiring another capital assets"

Question added Sep 15, 2016 Income Tax By jayasri , CA , Visakhapatnam

answers

325 views

Q. CENVAT CREDIT - IS CENVAT CREDIT ELIGIBLE ON INSURANCE PREMIUM PAID BY A COMPANY

Question added Sep 15, 2016 Income Tax By jayasri , CA , Visakhapatnam

answers

251 views

Q. TDS - IF WE ARE HAVING A CONTRACT WITH A SPECIFIC PERSON THEN WE SHOULD DEDUCT TDS U/S 194C(ASSUMING ALL CONDITIONS OF 194C TO DEDUCT TDS ARE SATISFIED) BUT THE PERSON IS PROVIDING US PROFESSIONAL SERVICES TO US WHICH IS ELIGIBLE TO TDS U/S 194J.MY QUERY IS WHETHER WE SHOULD DEDUCT TDSU/S 194C(1%) OR 194I(10%)

Question added Sep 13, 2016 Income Tax By SUNIL KUMAR , CA , FEROZEPUR CITY

answers

278 views

Q. LONG TERM CAPITAL GAIN - IS SALE OF AGRICULTURAL LAND BY A PRIVATE LIMITED COMPANY IS TAXABLE (LTCG)

Question added Sep 12, 2016 Income Tax By Awdhesh , CA , Gonda

answers

201 views

Q. Tax Audit Sept 2016 - Does the Due date of tax Audit is also Increased or Only Income tax return Due date in Increased as In Income tax Order it is written that only ;return of income date is increased;

Question added Sep 07, 2016 Income Tax By PREETI GARG , CA , Chandigarh

answers

318 views

Q. allowability of expenses umder income tax act - I want to ask that if an assessee has made common expense for household & business & he allowed total from business income but the AO disallow the 20% expenditure on adhoc-basis. So what should we do in this case now?

Question added Sep 06, 2016 Income Tax By JITENDRA KUMAR AGARWAL , CA , Sikar

answers

267 views

Q. Income tax return - A person give a reply under compliance menu in income tax website that return will be filed shortly however return is related to A.Y 2011-12 and 2012 -13 then I want to know under which section he can filed income tax return online

Question added Sep 03, 2016 Income Tax By gyanendra kumar mishra , CA , East Delhi

answers

252 views

Q. SEC. 80G - Company covered under CSR activities for this some amount donation to prime minister relief fund for the purposed of CSR. my question is this donation eligibility to claim deduction on U/S 80G Amount donation to prime minister relief fund but this CSR Expenditure disallowed U/s 37 of Income tax.

Question added Aug 30, 2016 Income Tax By CA Nagam Devi Kumar , CA , Kakinada

answers

463 views

Q. Income Tax - In the case of Tax Audit
Financial Statements are required to attach in pdf format.are these statements are required to sign physically by both assessee as well as auditor, when it is digitally singed for uploading audit report. please clarify.

Question added Aug 16, 2016 Income Tax By SUNIL AGRAWAL , CA , Raigarh

answers

291 views

Q. INCOME TAX - ONE OF OUR CLIENT SHOWN RS. 4.05 LACS.AS COMMISSION RECEIVED FROM DIFFERENT PARTIES IN HIS ITR WITH OTHER BUSINESS INCOME AND PAY THE I. TAX. HIS CASE IS SELECTED FOR LIMITED SCRUTINY "CASH DEPOSIT". HE HAD NOT MAINTAINED PARTY WISE COMMISSION DETAILS. THE ITO DISALLOWED MY COMMISSION INCOME AS UNEXPLAINED CASH RECEIVED. WHAT ARE THE OPTIONS WE HAVE. PLS SUGGEST.

Question added Aug 12, 2016 Income Tax By parveen kumar , CA , South West Delhi

answers

181 views

Q. turnover - puchase vale from idea and same value transfer to local mobile shops should consider turnover of distributor or should consider only commission income. pls tell the solution

Question added Aug 12, 2016 Income Tax By ritika bansal , CA , bhiwani

answers

1423 views

Q. 15CA in case of payments made through credit card to foreign parties - Sir, One of our Client Company makes payments to foreign parties via Credit card linked with Paypal account. Whether Company has to to file Form 15CA for foreign payments made via credit card linked in Paypal Account. While filing From 15CA what information will be given in respect of Bank details through which remittance is made

Question added Aug 09, 2016 Income Tax By SUNIL AGRAWAL , CA , Raigarh

answers

279 views

Q. INCOME TAX - one of my client was having intra day speculation loss from share trading in f.y. 2014-15 except salary income. but he was not shown that loss in that year. now the notice u/s 143(2) received from ITO For not shown of specuation loss. what will the option available to us

Question added Jul 29, 2016 Income Tax By Ashutosh Kumar Tripathi , CMA , Bilaspur

answers

339 views

Q. Penalty on delayed filing of ITR - If an individual having income from profession below the threshold tax limit (Rs 250000) files delayed ITR then will it attract any kind of penalty.

Question added Jul 26, 2016 Income Tax By raj kumar mittal , CA , Bathinda

answers

302 views

Q. section 10(23C)(iiiad) exemption - while filing ITR 7 whether gross receipt or net surplus is shown as income if gross recipt is shown as income then exemption u/s 10(23C)(iiiad) is for income expended or whole the income received.

Experts Panelist

Rambabu Senkarasetti

Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 409

CA Satuti Mahajan

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 291

Vikash Kumar Jha

Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 270

Rishabh Upadhyay

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 257

Ashish Karundia

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT

Answers Posted : 257

Mrattunjay

Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 220

PRIYANKA

Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 136

CA. SURESH Kr. AGARWAL

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 131

Vaneet Gupta

Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT

Answers Posted : 120

Ketan Samdani

Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT

Answers Posted : 117

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